NIFTY 50 future TRENDS
- Thread starter sudoku1
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Managed to close above 5233 is positive this pull back expect to be sluggish as we are approaching F&O expiry next higher target is 5267/5291 provided spot holds 5227.
On Friday i stated that spot fail to hold 5227 will test 5170 it did but it took 3 days
same thing now.. there is more possibility of testing higher levels but at what phase is the big ?..
On Friday i stated that spot fail to hold 5227 will test 5170 it did but it took 3 days
same thing now.. there is more possibility of testing higher levels but at what phase is the big ?..
Nifty shows Some sort of pull back confirmation above 5233 Rs.5267/5288
FLAG FORMATION
The Flag pattern usually occurs after a significant up or down market move. After a strong move, prices usually need to rest. This resting period usually occurs in the shape of a rectangle, thus the word "flag". The Flag is considered a continuation pattern because after resting, prices will usually continue in the direction they did before.
INTRA DAY FLAG FORMATION..
WATCH BREAK OUT EITHER SIDE
FLAG FORMATION
The Flag pattern usually occurs after a significant up or down market move. After a strong move, prices usually need to rest. This resting period usually occurs in the shape of a rectangle, thus the word "flag". The Flag is considered a continuation pattern because after resting, prices will usually continue in the direction they did before.
INTRA DAY FLAG FORMATION..
WATCH BREAK OUT EITHER SIDE
the above chart at 15 Mts time frame
where it gave falls break out today and fell soon could not sustain with fallow up yet it did not break the lower TL is identical trend continues pattern .. the earlier chart was carry forward from yesterday... if you notice the break out from the bottom at around 5210 FUT. spot at 5197.. at the close made the 2nd flag top at 5235 and did not break the lower TL So yesterday should have been BTST as it did today.. Day traders have always to be careful the word Sustain it is difficult to interpret... one have to learn by experience..
Look at the One hr. time frame..
Please Remember chart pattern's ..always not RELIABLE
Manoharbhai,
On 60 minutes, it has retraced 50% of the rise. That's healthy retracement. Maybe it is now ready for further upmove.
On 60 minutes, it has retraced 50% of the rise. That's healthy retracement. Maybe it is now ready for further upmove.
This TA needs to be understood properly those who are fallowing ..
the above chart at 15 Mts time frame
where it gave falls break out today and fell soon could not sustain with fallow up yet it did not break the lower TL is identical trend continues pattern .. the earlier chart was carry forward from yesterday... if you notice the break out from the bottom at around 5210 FUT. spot at 5197.. at the close made the 2nd flag top at 5235 and did not break the lower TL So yesterday should have been BTST as it did today.. Day traders have always to be careful the word Sustain it is difficult to interpret... one have to learn by experience..
Look at the One hr. time frame..
Please Remember chart pattern's ..always not RELIABLE
the above chart at 15 Mts time frame
where it gave falls break out today and fell soon could not sustain with fallow up yet it did not break the lower TL is identical trend continues pattern .. the earlier chart was carry forward from yesterday... if you notice the break out from the bottom at around 5210 FUT. spot at 5197.. at the close made the 2nd flag top at 5235 and did not break the lower TL So yesterday should have been BTST as it did today.. Day traders have always to be careful the word Sustain it is difficult to interpret... one have to learn by experience..
Look at the One hr. time frame..
Please Remember chart pattern's ..always not RELIABLE
Managed to close above 5233 is positive this pull back expect to be sluggish as we are approaching F&O expiry next higher target is 5267/5291 provided spot holds 5227.
On Friday i stated that spot fail to hold 5227 will test 5170 it did but it took 3 days
same thing now.. there is more possibility of testing higher levels but at what phase is the big ?..
On Friday i stated that spot fail to hold 5227 will test 5170 it did but it took 3 days
same thing now.. there is more possibility of testing higher levels but at what phase is the big ?..
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